Urad

Govt OKs procurement of 37,000 tn kharif urad in Maharashtra.

The National Agricultural Cooperative Marketing Federation of India has offered 3,884.06 tonne of urad for auction through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp and other godowns in Uttar Pradesh, Rajasthan, and Gujarat.

Urad prices in Akola were down on expectations of a further rise in the new crop arrivals in the coming weeks. Arrivals of urad in Akola are likely to increase to 2,000 bags in the coming days. Buying is sluggish currently because moisture content in the new arrivals is higher at 16% as against the normal 10-13%.

After rising on Saturday, prices of urad in Kalaburagi were down despite the government lifting the ban on export of urad, tur, and moong dal. However, rains in Kalaburagi may damage the harvested crop and support prices.

With prices of urad falling more than 1,000 rupees below the minimum support price, the Maharashtra government has sought the Centre approval to begin procurement of the commodity. The proposal follows the Latur agricultural produce market committee raising a complaint with the district collector that farmers were forced to sell the new crop below the minimum support price in the absence of government procurement. Farmers have been requested not to bring the produce yet as prices are low, but those in the urgent need of money are compelled so sell it at a lower rate.

With fears of inflationary pressure in pulses having been abated due to a bumper harvest in 2016-17 and the government inventory brimming with around two million tonne of pulses stocks, the regulator is weighing the possibility of lifting the ban. The review of the ban has started but a final decision on allowing such futures could be taken after factoring in production estimates as areas under pulses are down by almost 4% from a year earlier. Prices of tur started plunging late last year as farmers, encouraged by record prices in 2015-16, stepped up sowing of the key pulse variety, leading to an all-time-high production level of 4.78 million tonne in 2016-17. This was 87% higher than the production in the previous year and far exceeded the target of 3.62 million tonne for 2016-17.

Prices of urad in Kalaburagi, Karnataka, fell as arrivals of the new crop increased amid subdued demand from dal millers. New crop arrivals of urad in Kalaburagi were estimated at 1,000 bags in Gulbarga.

MMTC offer 1,619.3 tonne of urad imported from Myanmar of the 2016 crop year for auction through NCDEX e-Markets. The pulse is stocked in the godown of Central Warehousing Corp in Wadala, Maharashtra. The bids remain valid for a maximum period of two MMTC working days, from the date of e-auction.

STC Ltd has floated a tender to sell 2,362 tonne of imported urad from the 2016 Myanmar-origin crop. The commodity is at the Central Warehousing Corp in Virugambakkam and Royapuram in Chennai. Bids must be submitted on Aug 29, and opened on the same day. The bids remain valid until Sep 8.

Prices of urad and moong rose 300-500 rupees per 100 kg in key markets after the government capped imports of the pulses at 300,000 tonne a year. The government has imposed restrictions on import to support prices, which continue to remain below the minimum support price.

Barring a further fall in urad and its dal prices on muted demand, other pulses held steady at the wholesale pulses market. Easing demand from retailers against adequate stocks position on increased supplies from producing regions mainly kept pressure on urad and its dal prices.

MMTC Ltd has floated a tender to sell 3,960 tonne of urad of Myanmar origin for crop years 2015-16 and 2016-17 on Aug 23. Of the overall amount, 1,145 tonne of urad lies with the Centre Warehousing Corp of Vashi, while 2,820 tonne of the grain lies with Centre Warehousing Corp of Wadala. Bids must be submitted on Aug 23 and opened on the same day. The bids valid up to Aug 30.

MMTC Ltd has floated a tender to sell 3,734 tonne urad and 242 tonne tur. The pulses available at Chennai Central Warehousing Corp and National Collateral Management Services warehouse. Bids must be submitted on Aug 16, and opened the same day. The bids remain valid for acceptance till Aug 23.

Prices of urad were unchanged in Jalgaon, Maharashtra, because of subdued trade. Likely better output in the kharif season, however, did not have any impact on the prices. Sowing of the grain in the ongoing kharif season across the country was at 3.44 million ha, compared with 2.54 million ha a year ago.

MMTC offer 780.38 tonne urad imported from Myanmar for auction through NCDEX e-Markets. The pulse is stocked at warehouses in Maharashtra and Tamil Nadu.

Prices of urad fell in Delhi because of sluggish demand from millers. A rise in arrivals of the pulse also weighed on prices.

Prices of urad and masoor edged up on scattered buying by stockists, driven by uptick in demand from retailers. Mild buying support from stockists and pickup in demand from retailers against restricted supplies mainly led to the rise in urad and masoor prices.

MMTC offer 358.35 tonne urad, imported from Myanmar, for auction on Thursday through NCDEX e-Markets. The pulse is stocked at Central Warehousing Corp in Vashi, Navi Mumbai.

MMTC Ltd has floated a tender to sell 4,796 tonne urad and 242 tonne tur. Pulses available at Central Warehousing Corp in Chennai. Bids must be submitted on Jul 25, and opened the same day. The bids remain valid for acceptance till Aug 7.